Adon Agro Commodities IPO Day 2: QIB Demand Stays Strong as Subscription Reaches 0.51x
Authored By HDFC SKY | Last Modified: Jun 30, 2026 11:43 AM IST
Adon Agro Commodities IPO entered Day 2 of bidding on June 30 with overall subscription improving to 0.51x, supported by strong QIB participation, while retail and NII demand remained below full subscription.
Mumbai, June 30: The Adon Agro Commodities IPO entered Day 2 of bidding on June 30, with the public issue witnessing steady participation from investors. While institutional demand remained the highlight, retail and non-institutional investors were yet to fully build momentum during the ongoing subscription period.
As per exchange data available till 10:49 AM on June 30, the ₹44.03 crore SME IPO was subscribed 0.51 times overall. The QIB (Ex-Anchor) portion attracted robust demand at 15.78 times, reflecting strong interest from institutional investors. Meanwhile, the retail category was subscribed 0.32 times, while the NII segment stood at 0.38 times.
With the IPO set to remain open until July 1, investors will be watching whether retail and HNI participation accelerates during the remaining bidding period, a trend commonly seen in SME public issues.
Latest Adon Agro Commodities IPO Subscription Status (Day 2)
| Category | Subscription |
| Overall | 0.51x |
| Retail (Individual Investors) | 0.32x |
| QIB (Ex-Anchor) | 15.78x |
| NII | 0.38x |
| bNII | 0.53x |
| sNII | 0.08x |
Adon Agro Commodities IPO Details
The IPO is a book-built SME issue comprising a fresh issue of 62.90 lakh equity shares aggregating ₹44.03 crore.
- Issue Size: ₹44.03 crore
- Price Band: ₹66 to ₹70 per share
- Lot Size: 2,000 shares
- Listing: BSE SME
Minimum Investment
At the upper end of the price band, investors require:
- Retail: ₹2,80,000
- sHNI: ₹4,20,000
- bHNI: ₹11,20,000
Important Dates
- IPO Opens: June 29, 2026
- IPO Closes: July 1, 2026
- Expected Allotment: July 2, 2026
- Refunds: July 3, 2026
- Shares Credited to Demat: July 3, 2026
- Tentative Listing: July 6, 2026
About Adon Agro Commodities
Adon Agro Commodities operates in the agri-commodities business, dealing in the sourcing, processing and supply of agricultural products. The company serves domestic customers and plans to utilise the IPO proceeds to support business expansion and working capital requirements.
What Investors Should Watch
With Day 2 underway, subscription trends in the retail and NII segments will be closely monitored ahead of the issue’s close on July 1. Although institutional demand has provided an early boost, overall subscription levels could change significantly on the final day as more investors place their bids.
Source:
- https://www.bsesme.com/download/327529/SME_IPO%20Open/1.AACL_RHP_20260623190220.pdf
Disclaimer
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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